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Stern Drew
@SternDrewCrypto
The BIS Conducted The Most Important Blockchain Experiment of The Year On a Public Ledger.
The bank for central banks quietly put official data on a public ledger.
Ripple, the crypto firm behind the XRP Ledger blockchain, just became the quiet infrastructure pick for the Bank for International Settlements.
BIS researchers built and tested a working system that takes official statistical datasets (the kind central banks, the IMF and statistical agencies actually use), creates a cryptographic fingerprint, and stamps that fingerprint onto the ledger.
The raw numbers never go on-chain. Only the proof does.
Publication takes 3–5 seconds. Verification takes 1–2 seconds. Fees become almost nothing when you batch thousands of datasets into one entry.
The XRP Ledger’s @DNAOnChain’s off-chain data, on-chain proof, and private-identity stack using zero-knowledge proofs is the same model BIS just tested.
The same stack already supports a privacy token $XDNA that embeds private identity, then hides them with zero-knowledge proofs so the ledger only ever sees a verifiable commitment.
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That is exactly the “Web3.0 private identity” model JPMorgan’s Kinexys has discussed for institutional identity and settlement: prove it happened, prove who signed it, never expose the underlying information.
Off-chain data, on-chain finality, identity bound but never revealed.
The most important blockchain experiment of the year didn’t come from a crypto firm. It came from BIS.
Source(s):
• https://x.com/SternDrewCrypto/status/2095243312479498656
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